Replies to post #41458 on Bitcoin (BTCUSD)

[nowwhat2]

Yeah well that only matters if THIS doesn't happen ;
On a daily basis.





.

[DarthYoda]

Doesn't matter...there's really only ONE bank...

"Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors":
March 12, 2023

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
The Federal Reserve is prepared to address any liquidity pressures that may arise.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm

"Bank Term Funding Program":

The Bank Term Funding Program (BTFP) was created to support American businesses and households by making additional funding available to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. The BTFP offers loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging any collateral eligible for purchase by the Federal Reserve Banks in open market operations (see 12 CFR 201.108(b)), such as U.S. Treasuries, U.S. agency securities, and U.S. agency mortgage-backed securities. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
Terms and Conditions (March 12, 2023) (PDF)
Frequently Asked Questions (FAQs) (March 15, 2023) (PDF)
For additional information visit: https://www.frbdiscountwindow.org

https://www.federalreserve.gov/monetarypolicy/bank-term-funding-program.htm#:~:text=The%20Bank%20Term%20Funding%20Program,needs%20of%20all%20their%20depositors.